News Archives for Print - 2008-06-08

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Saturday (June 07, 2008).

Published 08 Jun, 2008 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (June 07, 2008).

Published 08 Jun, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (June 07, 2008).

Published 08 Jun, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (June 07, 2008).

Published 08 Jun, 2008 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (June 07, 2008).

Published 08 Jun, 2008 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (June 07, 2008).

Published 08 Jun, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (June 07, 2008).

Published 08 Jun, 2008 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 08 Jun, 2008 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 08 Jun, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (June 07, 2008).

Published 08 Jun, 2008 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 Jun, 2008 12:00am

University Research & Development

By definition, a "University" is a place for free exchange of ideas, where research and teaching advance side by side for the general betterment of an appreciative society.

Published 08 Jun, 2008 12:00am

NUST Technology Incubation Centre - pioneering technology incubation in Pakistan

Technology Parks have a proven track record of playing an important role in supporting and sustaining economy and technological development of a country. Technology parks bring different stakeholders together on a common platform to foster new technology-

Published 08 Jun, 2008 12:00am

Technology parks/incubation development in Pakistan: The way forward: six-step model

Technology Parks are proving to be an important source of converting ideas into commercial products / services thus making significant economic and technological contributions to several nations across the globe. Since technology parks find their roots in

Published 08 Jun, 2008 12:00am

WHY NUST?

First public sector university in Pakistan to be ranked amongst the top 500 universities of the world. A comprehensive university which offers wide range of postgraduate and PhD programs in IT, Engineering, Applied Bio-sciences, Health Sciences, Applied S

Published 08 Jun, 2008 12:00am

Director General TIC

Technology and business incubation centers are proven means of supporting a knowledge-based economy, and fostering market oriented technological developments. This is typically accomplished by bringing together academic, business and governmental organisa

Published 08 Jun, 2008 12:00am

Rector NUST

It is indeed very heartening to share the pleasure and pride of NUST R&D team on the occasion of Foundation-Stone Laying Ceremony of Technology Incubation Center (TIC). This pioneering initiative will boost the efforts of the university towards establishm

Published 08 Jun, 2008 12:00am

Secretary Ministry of Science & Technology

It is a matter of immense pleasure that NUST is growing by leaps and bounds as a research-intensive university. The quality of research at any university can be ascertained from the tangible impact of its Research & Development output on further research

Published 08 Jun, 2008 12:00am

Chairman Higher Education Commission

In this knowledge-based millennium, what distinguishes a good university from an ordinary seat of higher learning is its capacity to create new knowledge and its ability to transfer its applied research and technological innovations into marketable produc

Published 08 Jun, 2008 12:00am

Prime Minister Islamic Republic of Pakistan

University Industry Linkages: from innovation to application. The second wave of industrial revolution that originated from the Innovation Big Bang of the second World War (1939-1945) has intertwined education, innovation and markets. In reality, the pres

Published 08 Jun, 2008 12:00am

Message from President Islamic Republic of Pakistan

University Industry Linkages: from innovation to application. The second wave of industrial revolution that originated from the Innovation Big Bang of the second World War (1939-1945) has intertwined education, innovation and markets. In reality, the pres

Published 08 Jun, 2008 12:00am

CDA begins to take possession of sector E-12 land

After a long delay, Capital Development Authority (CDA), finally on Saturday, started physical possession of land earmarked for sector E-12, Business Recorder learnt here on Saturday. Talking to Business Recorder, Asad Ullah Faiz, Director Land, CD

Published 08 Jun, 2008 12:00am

Farmers prepare ABP for improving performance

64 Farmer Organisations (FOs) of Area Water Board/ LCC (W) Circle Faisalabad have prepared their Annual Business Plans for improving their performance (ABP). ABP would help in improving financial efficiency and transparency besides ensuring balance betwee

Published 08 Jun, 2008 12:00am

Gems and minerals show rescheduled

The rescheduled three-day gems and mineral show now will be held from August 28 to August 30 to promote business sector in the country. All Pakistan Commercial Exporters Association (APCEA) will hold the exhibition in collaboration with Trade Development

Published 08 Jun, 2008 12:00am

'Hotel Moenjodaro' staged in Islamabad

The Ajoka theatre in collaboration with the Sustainable Development Policy Institute (SDPI), Pakistan National Council of Arts (PNCA) and Sungi Development Foundation staged the play 'Hotel Moenjodaro' on June 6 and 7 at the auditorium of Pakistan Nationa

Published 08 Jun, 2008 12:00am

Chairman Railways directs for timely repair of track machines

Chairman Railways Muhammad Kashif Murtaza has directed Railways officials to ensure maintenance and timely repair of track machines. He gave directive in this regard while presiding a high level meeting at Railways headquarters here on Saturday.

Published 08 Jun, 2008 12:00am

Rally held to show solidarity with deposed judges

Women lawyers arranged a rally to show solidarity with the deposed judges and for the restoration of judiciary here on Saturday evening. Dozens of women lawyers, members of NGO's, civil society activists and political parties were also present in the rall

Published 08 Jun, 2008 12:00am

Private channels will get access to cover National Assembly sessions live

The Deputy Speaker, National Assembly (NA), Faisal Karim Kundi on Saturday announced equipping the lower house of the Parliament with latest technology to ensure its maximum electronic coverage.

Published 08 Jun, 2008 12:00am

MGAP concerned over agro-sector problems

The President, Mango Growers Association Pakistan (MGAP), Zahid Hussain Gardezi has expressed concern over the government's indifferent attitude regarding the problems of the people associated with agriculture in Pakistan feared that the farmers will unde

Published 08 Jun, 2008 12:00am

Foundation laying of medical college in Sahiwal on June 12

Punjab Minister for Food Malik Nadeem Karman has said that Punjab Government has given approval to establish Al-Farid Medical college in the city. Talking to newsmen here, he said that Mian Shahbaz Sharif, after taking oath as the Chief Minister Punjab, w

Published 08 Jun, 2008 12:00am

Hepatitis awareness drive to start in 20 districts

The Manager, National Programme for Prevention and Control of Hepatitis (NPPCH), Dr Sharif Ahmad Khan has announced starting the Hepatitis awareness campaign in Urdu and local languages in 20 districts. Addressing a workshop at International Dental Colleg

Published 08 Jun, 2008 12:00am

Peshawar inducts latest fire brigade equipment

The Senior Minister, North West Frontier Province (NWFP) and the parliamentary leader of the Awami National Party in the provincial assembly, Bashir Ahmad Bilour on Saturday has inaugurated the latest fire-brigade and rescue equipment at Bagh-e-Naran Haya

Published 08 Jun, 2008 12:00am

Model Materials & Research Institute: University asked to submit proper project plan

The Governor, North West Frontier Province (NWFP). Owais Ahmed Ghani has asked the University of Peshawar to submit a properly designed plan for the proposed Model Materials and Research Institute so that the project could be materialised at the earliest.

Published 08 Jun, 2008 12:00am

China commits $70 million to preserve Tibet culture

China has agreed to commit 70 million dollars to an international fund for preservation of culture in Tibet, according to a global non-profit group which is part of the agreement.

Published 08 Jun, 2008 12:00am

China lifts bank reserve requirement by 100 bps

China's central bank on Saturday raised the amount that lenders must hold in reserve by a full percentage point, an indication of official alarm over the huge amount of cash coursing into the economy. It was China's fifth increase of the ratio this year b

Published 08 Jun, 2008 12:00am

Lufthansa used flight data to plug leak in board

German airline Deutsche Lufthansa said on Saturday it used passenger travel records to find out who in the company was leaking information to the media, but added it had done nothing illegal.

Published 08 Jun, 2008 12:00am

Bush pledges to help ease South Korea beef fears

US President George W. Bush on Saturday promised to help allay South Korean fears over beef imports, President Lee Myung-Bak's office said, after concerns about mad cow disease triggered a political crisis. Lee telephoned Bush to ask for his help after a

Published 08 Jun, 2008 12:00am

India's RPG ties up with Woolworth to sell toys

Spencer's Retail, part of the diversified RPG group, on Saturday announced a tie-up with British retailer Woolworths Plc to exclusively sell its toy brand Chad Valley via its outlets.

Published 08 Jun, 2008 12:00am

Russia may cut oil taxes by $8.4 billion from 2010

Top Kremlin aide Arkady Dvorkovich called on Saturday for more tax cuts in the oil industry from 2010, saying recently approved reductions were not enough to revive production growth. "Our calculations shows that the approved measures are enough to stabil

Published 08 Jun, 2008 12:00am

Toyota to begin hybrid output in Australia, Thailand

Toyota Motor Corp will start producing hybrid cars in Australia and Thailand amid growing demand for the fuel-efficient vehicles in the wake of record high oil prices, a newspaper said Saturday.

Published 08 Jun, 2008 12:00am

Spain blames ECB over oil price jump

Spanish Prime Minister Jose Luis Rodriguez Zapatero on Saturday blamed the European Central Bank for Friday's jump in the oil price and some market interest rates and said ECB president Jean Claude Trichet should be "more prudent" in his comments about in

Published 08 Jun, 2008 12:00am

EU help for fisheries promised as protests continue

Europe's top fisheries official promised relief "within weeks" for the industry on Saturday as fishermen, farmers and truck drivers continued protests against the steep price of fuel. EU Fisheries Commissioner Joe Borg told journalists at the Dutch seapor

Published 08 Jun, 2008 12:00am

Australian house prices in heaviest fall for five years

Australian house prices have taken their biggest quarterly fall in five years, a survey showed on Saturday, in another sign that high interest rates are reining in an economy that has been riding high on commodities exports.

Published 08 Jun, 2008 12:00am

Fiat signs deal to make cars, engines in Russia

Italian automaker Fiat signed a deal worth 305 million dollars (194 million euros) with Russia's Severstal-Auto on Saturday to produce cars and engines in Russia, an official statement said. A joint venture will initially produce 50,000 Fiat Linea cars pe

Published 08 Jun, 2008 12:00am

Bangladesh ends cheap rice sales in Dhaka

Stores in the Bangladeshi capital have stopped selling subsidised rice, an official said Saturday, creating hardship for hundreds of thousands of poor consumers. Rice prices almost doubled in the impoverished nation due to shortages caused by floods and a

Published 08 Jun, 2008 12:00am

US copper up

US copper futures settled at a 1-1/2-week high Friday as mounting losses in the dollar following disappointing May employment data boosted the appeal of commodities as a hedge against inflation. Copper for July delivery ended up 8.00 cents at $3.6230 a lb

Published 08 Jun, 2008 12:00am

US gold nearly up on oil rally

New York gold futures jumped nearly 3 percent on Friday, ending at just below $900 an ounce on a combination of record oil and the dollar's drop after a weak US jobs report.

Published 08 Jun, 2008 12:00am

Cash rubber highest since Korean War, buyers scramble

Tyre makers and main rubber consumer China scrambled for stocks as tight supply persisted in Southeast Asia, pushing up cash prices to their highest level since the Korean War, dealers said on Friday.

Published 08 Jun, 2008 12:00am

New York sugar up

Raw sugar futures settled higher Friday on spread and investment fund buying inspired by a rally in crude and other commodity markets, brokers said. But analysts said the rally was muted and this did not augur well for sugar's ability to sustain its surge

Published 08 Jun, 2008 12:00am

New York coffee gains

Arabica coffee trading on ICE Futures US ended a tad higher Friday on short-term buying based on a forecast of cold weather in top grower Brazil, in spite of a sharp rally in oil and other commodities. "Speculative buying and volatility has been pumped up

Published 08 Jun, 2008 12:00am

New York cocoa hits 11-week top

US cocoa futures closed Friday with substantial gains, though off the 11-week peak achieved early in the session when general commodity market buying swept bean futures up through a range high that had stuck since mid-March, traders said. Steep dollar dec

Published 08 Jun, 2008 12:00am

US rice futures end firm

Chicago Board of Trade rough rice closed higher on Friday after a volatile session, with the strength in other commodities spilling over to rice, traders said. Crude oil was the leader among commodity markets, climbing $11 a barrel to a record top near $1

Published 08 Jun, 2008 12:00am

US soybean futures hit three-month top

US soybean futures on the Chicago Board of Trade rallied to a three-month top on Friday amid the broad-based commodity rally led by the flaming crude oil market, traders said. New York crude oil futures rocketed $11 a barrel to an all-time high near $139

Published 08 Jun, 2008 12:00am

Wheat prices swing on scent of rain

With major parts of New South Wales state still dry and waiting to plant wheat, forecast rain for the drought-hit central-western area next week could mean a difference of 5 million tonnes or more in Australia's crop.

Published 08 Jun, 2008 12:00am

Crude oil within grasp of records above 137 dollars

World oil prices faced a rollercoaster week with a late surge to heights above 137 dollars per barrel, as a falling US currency spurred demand, traders said.

Published 08 Jun, 2008 12:00am

US corn futures record above $7 on rain

US corn futures soared to a new record above $7.00 per bushel on Friday on excessive rainfall in the US and on soaring crude oil markets, traders said. Another wave of fund buying, estimated at 11,000 to 12,000 lots, led the way up and the new-crop July c

Published 08 Jun, 2008 12:00am

KCBT wheat futures nearly four percent higher

Hard red winter wheat futures on the Kansas City Board of Trade settled nearly 4 percent higher on Friday, with spillover strength from outside markets. The KCBT July wheat contract settled up 32-1/4 cents, or 3.9 percent, at $8.46-3/4 per bushel, while S

Published 08 Jun, 2008 12:00am

US Midwest soyabean and corn bids mixed

Spot basis bids for soyabeans and corn were mixed at processors and elevators around the US Midwest on Friday amid scattered country movement of both commodities, grain dealers said. Rallies in the futures market pushed cash prices higher and caused some

Published 08 Jun, 2008 12:00am

US wheat futures higher

US wheat futures rose 3 percent on the Chicago Board of Trade on Friday as a rally in crude oil to a record high and a drop in the dollar sparked a broad rally in commodities, traders said. Crude oil futures exploded above $139 a barrel on dollar weakness

Published 08 Jun, 2008 12:00am

Brazilian sugar vessels lineup falls

The lineup of vessels waiting to load sugar in Brazilian ports fell to 41 ships this week, from 57 a week ago, shipping agent Williams said on Thursday. In a weekly report, Williams said 24 vessels were lined up in the southern port of Santos, down from 2

Published 08 Jun, 2008 12:00am

China Shipping plans to buy 59 vessels

China Shipping plans to spend 23.4 billion yuan ($3.37 billion) to buy 59 vessels over the next five years, more than doubling its capacity to ride an anticipated upswell in global trade.

Published 08 Jun, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 123,011 tonnes of cargo including 95,517 tonnes of import, 27,494 tonnes of export cargo and 4,228 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Saturday. The cargoes comprised of 57,611 tonnes of

Published 08 Jun, 2008 12:00am

Canadian canola futures higher

Canadian canola futures broke higher on Friday after crude oil soared to a new record, pulling up vegetable oils like soyabean and canola, traders said. "The farmer selling tremendously picked up," attracted by the rally, a trader said. ICE canola futures

Published 08 Jun, 2008 12:00am

Oil cake market rates

No change was seen in the present outlook on the forward cottonseed market on Saturday as most of the buyers were on the sidelines due to lack of interest, dealers said. The July vaida commenced with a loss of Rs 2.00 at Rs 800.00 and closing was seen at

Published 08 Jun, 2008 12:00am

Spot rate raised by Rs 50 on cotton market

Spot rate was raised up on cotton market on Saturday as ginners were not lowering the asking prices a decision to hold the unsold stock till the announcement of federal budget, experts said. The Karachi cotton Association (KCA) official spot rate was move

Published 08 Jun, 2008 12:00am

Pineapple prices up on Jodia Bazaar

The trading on pineapple ended up on Jodia Bazaar here on Saturday. The following changes were noted.

Published 08 Jun, 2008 12:00am

Soft trend continues on grain market

Soft trend was seen on the grain market on Saturday in process of low trading, dealers said. On the seed side, cottonseed oilcake with bag low type gained Rs 25 to Rs 775 while the better type did not move any side at Rs 800 during the day, they said.

Published 08 Jun, 2008 12:00am

American credit market outlook

Verizon Communications Inc's leverage will jump significantly after its wireless arm acquires junk-rated Alltel Corp, but with strong cash flows and a commitment to paying down debt the impact on its ratings will be relatively limited.

Published 08 Jun, 2008 12:00am

American credit market outlook

Verizon Communications Inc's leverage will jump significantly after its wireless arm acquires junk-rated Alltel Corp, but with strong cash flows and a commitment to paying down debt the impact on its ratings will be relatively limited.

Published 08 Jun, 2008 12:00am

Mexican stocks dip

Mexico's stocks fell on Friday and the peso weakened sharply after the US unemployment rate hit its highest rate in 3-1/2 years, stoking fears about the health of the economy in Mexico's main trading partner. The benchmark IPC stock index dropped 1.82 per

Published 08 Jun, 2008 12:00am

US corporate bonds market weakens

US corporate bonds weakened on Friday after news that the employment rate in May reached the highest since late 2004, oil prices hit another record and on expectations for a pickup in new company bond sales. The US jobless rate rose to 5.5 percent from 5

Published 08 Jun, 2008 12:00am

US corporate bonds market weakens

US corporate bonds weakened on Friday after news that the employment rate in May reached the highest since late 2004, oil prices hit another record and on expectations for a pickup in new company bond sales. The US jobless rate rose to 5.5 percent from 5

Published 08 Jun, 2008 12:00am

US Treasuries rally

US Treasuries rallied on Friday after the US jobless rate jumped to its highest in more than 3-1/2 years, soothing fears of an imminent interest rate hike by the Federal Reserve. Crude oil spiked to new records around $139 per barrel, deepening a stock ma

Published 08 Jun, 2008 12:00am

US Treasuries rally

US Treasuries rallied on Friday after the US jobless rate jumped to its highest in more than 3-1/2 years, soothing fears of an imminent interest rate hike by the Federal Reserve. Crude oil spiked to new records around $139 per barrel, deepening a stock ma

Published 08 Jun, 2008 12:00am

JGBs sag after US, euro zone bonds fall on ECB

Japanese government bonds fell sharply on Friday, a day after the European Central Bank shocked markets by saying it may raise interest rates as soon as July, hitting US Treasuries and euro zone bonds.

Published 08 Jun, 2008 12:00am

JGBs sag after US, euro zone bonds fall on ECB

Japanese government bonds fell sharply on Friday, a day after the European Central Bank shocked markets by saying it may raise interest rates as soon as July, hitting US Treasuries and euro zone bonds.

Published 08 Jun, 2008 12:00am

Singapore's OCBC sells $184 million bonds in Malaysia

Singapore's Oversea-Chinese Banking Corp said on Friday it has sold 600 million ringgit ($184 million) worth of tier 2 bonds in Malaysia. The lower tier 2 subordinated bonds have a 10-year maturity with a call option and coupon step-up after the fifth yea

Published 08 Jun, 2008 12:00am

Singapore's OCBC sells $184 million bonds in Malaysia

Singapore's Oversea-Chinese Banking Corp said on Friday it has sold 600 million ringgit ($184 million) worth of tier 2 bonds in Malaysia. The lower tier 2 subordinated bonds have a 10-year maturity with a call option and coupon step-up after the fifth yea

Published 08 Jun, 2008 12:00am

Emerging debt: risk spreads widen on US stagflation fears

Investor aversion to emerging markets assets increased on Friday as a combination of weak US jobs data and soaring commodities prices stoked fresh fears of stagflation in the world's largest economy. Venezuela was the asset class's lone exception, as US c

Published 08 Jun, 2008 12:00am

Emerging debt: risk spreads widen on US stagflation fears

Investor aversion to emerging markets assets increased on Friday as a combination of weak US jobs data and soaring commodities prices stoked fresh fears of stagflation in the world's largest economy. Venezuela was the asset class's lone exception, as US c

Published 08 Jun, 2008 12:00am

Argentine stocks drop

Argentine stocks dropped on Friday under the influence of Wall Street, where unemployment and record-high oil prices battered markets, and local bond prices were damaged by political uncertainty. The benchmark MerVal stocks index lost 0.45 percent to 2,17

Published 08 Jun, 2008 12:00am

Brazil stocks decline

Brazilian stocks slumped on Friday in tandem with Wall Street, where worse-than-expected employment data renewed fears of 1970s-style US stagflation. The Bovespa index of the Sao Paulo stock exchange ended 2 percent lower at 69,785.87 points, a day after

Published 08 Jun, 2008 12:00am

Toronto stocks slide

The Toronto Stock Exchange's main index ended lower on Friday after the crude price shot up by more than $10 a barrel, spurring worries about its impact on the economy and erasing a big market gain made early in the day. The key S&P/TSX composite index ju

Published 08 Jun, 2008 12:00am

Canadian bond prices rebound to close higher

The Canadian bond prices rebounded from recent losses to close higher across the curve as a Bank of Canada rate cut next week is still considered a certainty, despite the latest jobs data, which came in below expectations.

Published 08 Jun, 2008 12:00am

Canadian bond prices rebound to close higher

The Canadian bond prices rebounded from recent losses to close higher across the curve as a Bank of Canada rate cut next week is still considered a certainty, despite the latest jobs data, which came in below expectations.

Published 08 Jun, 2008 12:00am

London Stock Exchange braces for flood of data

The London Stock Exchange will have a data feast to digest next week as investors seek to predict interest rate moves by the Bank of England, which last Thursday held rates steady at 5.0 percent. The FTSE 100 index ended the week on Friday at 6,906.8 poin

Published 08 Jun, 2008 12:00am

US stocks finish lower

US stocks plunged on Friday, marking the Dow's worst day in 15 months, after the government said the May unemployment rate jumped the most in 22 years and oil prices shot to another record, renewing fears that the US economy faces 1970s-style stagflation.

Published 08 Jun, 2008 12:00am

European Central Bank's rate hike may push euro above 1.60 dollars

The European Central Bank's shock message that interest rates could rise soon has sparked a rally in the euro and could push it to fresh record highs against the dollar as investors reassess the outlook for euro zone yields. The ECB held rates at 4 percen

Published 08 Jun, 2008 12:00am

Swiss franc falls

The Swiss franc fell against the euro on Friday, adding to hefty losses in the previous session, which were triggered by surprisingly hawkish tones from ECB chief Jean-Claude Trichet. Markets are now keen to see whether SNB board member Thomas Jordan will

Published 08 Jun, 2008 12:00am

ECB rate hike talk pummel dollar in New York

The dollar fell on Friday as an unexpected surge in the US jobless rate revived fears of a deeper and more prolonged economic downturn, diminishing the prospects of Federal Reserve interest rate hikes by year-end.

Published 08 Jun, 2008 12:00am

Forex outlook: dollar expected to drop in week ahead

The US dollar is likely to face more pressure next week in the aftermath of a jump in the US unemployment rate to its highest in more than 3-1/2 years, which stoked concerns about the US economy at a time of rising inflation.

Published 08 Jun, 2008 12:00am

IMM speculators trim bets versus US dollar

Currency speculators trimmed bets against the US dollar in the latest period, weekly data from the Commodity Futures Trading Commission showed on Friday. The value of the net short US dollar position fell to $5.19 billion in the week to June 3, from $9.62

Published 08 Jun, 2008 12:00am

US Federal Reserve approves Countrywide purchase

The US Federal Reserve Board on Thursday approved Bank of America Corp's acquisition of Countrywide Financial Corp. In a statement, the federal regulator said it considered many comments for and against the bank buyout and "has considered carefully the fi

Published 08 Jun, 2008 12:00am

Federer win will make him greatest ever: Borg

Bjorn Borg believes Roger Federer can beat triple champion Rafael Nadal in Sunday's French Open final and cement his place as the greatest player of all time. Borg won six Roland Garros titles, including four in succession from 1978-1981, a landmark which

Published 08 Jun, 2008 12:00am

Qatar boost World Cup hopes with 1-0 win over China

Qatar beat China 1-0 courtesy of a first half penalty in Asian qualifying for the 2010 World Cup in Tianjin on Saturday, leaving their hosts with a mountain to climb if they are to make it to South Africa. China now trail the Qataris by four points with t

Published 08 Jun, 2008 12:00am

Tournament kicks off with alpine themed ceremony

Switzerland opened up Euro 2008 with an alpine-themed opening ceremony in Basel on Saturday, featuring mock-up mountain scenes and waltzes. Nearly 1,000 performers from 13 countries took part in the ceremony before the opening match between co-hosts Switz

Published 08 Jun, 2008 12:00am

Retired MacGill 'dying' to play on for state side

Stuart MacGill said Saturday he was prepared to play on for New South Wales depending on fitness reports after retiring from international cricket. MacGill, 37, who returned home Saturday from Australia's tour to the West Indies, said he believed he had a

Published 08 Jun, 2008 12:00am

Sreesanth ruled out of Bangladesh tri-series

India paceman Shanthakumaran Sreesanth has been ruled out of the upcoming tri-series in Bangladesh due to a side strain, a cricket board official said on Saturday. "Sreesanth has a left side strain and he will require two weeks to recover from it," cricke

Published 08 Jun, 2008 12:00am

PCB holds orientation session for umpires

The orientation sessions for 11 reserve umpires organised by Pakistan Cricket Board (PCB) in preparation for the Asia Cup concluded in Lahore. The two-day session was held for briefings and interactive lectures on modern umpiring, which involved extensive

Published 08 Jun, 2008 12:00am

Champions League gets go-ahead

The winners and runners-up in England's Twenty20 competition will join their equivalents from Australia, India and South Africa in a lucrative new tournament later this year.

Published 08 Jun, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
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Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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